Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
116J.413 POWERS RELATING TO RURAL DEVELOPMENT.
Subdivision 1. Contracts. The commissioner may enter into contracts and grant agreements
necessary to carry out the commissioner's responsibilities.
Subd. 2. Gifts; grants. The commissioner may apply for, accept, and disburse gifts, grants,
loans, or other property from the United States, the state, private foundations, or any other source;
may enter into an agreement required for the gifts, grants, or loans; and may hold, use, and
dispose of its assets in accordance with the terms of the gift, grant, loan, or agreement. Money
received by the commissioner under this subdivision must be deposited in a separate account in
the state treasury and invested by the state Board of Investment. The amount deposited, including
investment earnings, is appropriated to the commissioner to carry out duties under this section.
History: 1987 c 386 art 1 s 5; 1995 c 224 s 63; 1996 c 369 s 10,12
Subdivision 1. Contracts. The commissioner may enter into contracts and grant agreements
necessary to carry out the commissioner's responsibilities.
Subd. 2. Gifts; grants. The commissioner may apply for, accept, and disburse gifts, grants,
loans, or other property from the United States, the state, private foundations, or any other source;
may enter into an agreement required for the gifts, grants, or loans; and may hold, use, and
dispose of its assets in accordance with the terms of the gift, grant, loan, or agreement. Money
received by the commissioner under this subdivision must be deposited in a separate account in
the state treasury and invested by the state Board of Investment. The amount deposited, including
investment earnings, is appropriated to the commissioner to carry out duties under this section.
History: 1987 c 386 art 1 s 5; 1995 c 224 s 63; 1996 c 369 s 10,12
Official Publication of the State of Minnesota
Revisor of Statutes